Builder's Risk Insurance

Documenting and handling a Builder's Risk claim on site at a shipyard in Batam.

On a vessel construction project under way at a Tanjung Uncang shipyard, a technical incident during the construction stage damaged part of the vessel's structure. As the practitioner supporting the insurance process, the first step was to make sure the damage — photos, video, and a timeline of events — was documented as quickly as possible before repairs began. This initial documentation is crucial because the insurer's surveyor needs evidence of the real condition on site to assess the claim against the applicable policy.

Coordinating directly with the vessel owner and the insurer at the Tanjung Uncang shipyard, Batam.

Once the initial documentation was complete, the shipyard, the vessel owner, and the insurance team coordinated to align the timeline of events and the estimated loss value. This technical discussion took place on the project site so that everyone shared the same understanding of the vessel's condition and the scope of the policy. In the end, the claim was processed and approved because the Builder's Risk policy in use covered construction risks from the earliest stage of the build — so the loss from the technical incident was covered under the policy terms.

The construction stage — the most critical period, needing Builder's Risk protection from day one.